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Var Energi ASA (Var Energi ASA) Gross-Profit-to-Asset % : 20.56% (As of Mar. 2024)


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What is Var Energi ASA Gross-Profit-to-Asset %?

Gross-Profit-to-Asset % is calculated as Gross Profit divided by its average Total Assets over a certain period of time. Var Energi ASA's annualized Gross Profit for the quarter that ended in Mar. 2024 was $4,258 Mil. Var Energi ASA's average Total Assets over the quarter that ended in Mar. 2024 was $20,711 Mil. Therefore, Var Energi ASA's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 20.56%.


Var Energi ASA Gross-Profit-to-Asset % Historical Data

The historical data trend for Var Energi ASA's Gross-Profit-to-Asset % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Var Energi ASA Gross-Profit-to-Asset % Chart

Var Energi ASA Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross-Profit-to-Asset %
Get a 7-Day Free Trial 10.59 8.67 15.97 37.25 22.35

Var Energi ASA Quarterly Data
Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Gross-Profit-to-Asset % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 32.31 18.42 22.14 20.67 20.56

Competitive Comparison of Var Energi ASA's Gross-Profit-to-Asset %

For the Oil & Gas E&P subindustry, Var Energi ASA's Gross-Profit-to-Asset %, along with its competitors' market caps and Gross-Profit-to-Asset % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Var Energi ASA's Gross-Profit-to-Asset % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Var Energi ASA's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where Var Energi ASA's Gross-Profit-to-Asset % falls into.



Var Energi ASA Gross-Profit-to-Asset % Calculation

Var Energi ASA's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Dec. 2023 is calculated as:

Gross-Profit-to-Asset %=Gross Profit (A: Dec. 2023 )/( (Total Assets (A: Dec. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=4255.689/( (18797.288+19289.199)/ 2 )
=4255.689/19043.2435
=22.35 %

Var Energi ASA's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 is calculated as:

Gross-Profit-to-Asset %=Gross Profit (Q: Mar. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=4257.764/( (19289.199+22132.081)/ 2 )
=4257.764/20710.64
=20.56 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Gross-Profit-to-Asset %, the Gross Profit of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Gross Profit data used here is four times the quarterly (Mar. 2024) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.


Var Energi ASA Gross-Profit-to-Asset % Related Terms

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Var Energi ASA (Var Energi ASA) Business Description

Industry
Traded in Other Exchanges
Address
Vestre Svanholmen 1, Sandnes, NOR, 4313
Var Energi ASA independent upstream oil and gas company on the Norwegian continental shelf. It operates within the geographical area of Norway and the business is entirely related to the exploration for and production of petroleum in Norway. Revenues are mainly related to the sale of oil, gas, and NGL.

Var Energi ASA (Var Energi ASA) Headlines

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